Meta Platforms Raises 2026 AI Capex 74% to $115-135B, Boosting Nebius Revenue
Meta Platforms plans to boost capital expenditure by 74% to $115-135 billion in 2026, deploying millions of Nvidia GPUs and CPUs across its AI data centers. This expansion underpins Nebius Group's $3 billion contract and supports analysts' forecasts of its revenue rising to $3.4 billion from $530 million in 2025.
1. Meta's 2026 Capex Plan
Meta Platforms has approved a 74% increase in capital expenditure for 2026, allocating $115-135 billion to expand its artificial intelligence infrastructure with millions of Nvidia GPUs and CPUs across new and existing data centers.
2. Nebius Contract and Capacity Expansion
Nebius Group, selected as a key Nvidia cloud partner, secured a $3 billion contract with Meta to supply hardware and manage data center operations, aligning with Meta’s goal to scale its AI capabilities to 800 megawatts–1 gigawatt.
3. Analyst Revenue Forecasts
Industry analysts project Nebius Group's revenue to surge from $530 million in 2025 to $3.4 billion in 2026, driven by its $20 billion-plus project backlog and accelerated deployment timelines.